Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Mortgage
How to Apply for Mortgage?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mr.Zion, post: 209, member: 11"] The procedure of applying for a mortgage loans can be a difficult. The best thing a borrower must do ahead before visiting their bank is to get their credit report and check for mistakes. If there is any wrong info, it needs to be corrected, errors can lead to a mortgage application to get rejected or lead loan providers to charge a higher rate of interest. The borrower should be aware of what type of home is needed, the amount they are eligible for and what their spending budget. The lender gets worth of the property and the evaluation determines the the true market value of the property, which is used for collateral for the loan. The borrower is charged a service charge for the evaluation service and is normally added in the closing costs. Once the home loan application is complete, the borrower will probably be questioned for details. For this reason the borrower should be ready to provide the lender the following details: [B]Bank details such as the address, account numbers, name, and three months of statements.[/B] [LIST=1] [*]Proof of employment and 2-3 yrs worth of income. [*]Balance sheets and Tax returns for self-employed. [*]3 months of investment statements. [*]Divorce documents, in some cases [*]Debt presently owed, including sums due and account numbers. [/LIST] After the application is submitted the loan provider will review the application and determine whether to reject or accept it. If accepted, the final step is the meeting in which paperwork is completed and the offer is closed. If rejected, the prospective borrower should speak with the loan company to find out the main reason why the application was rejected. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Mortgage
How to Apply for Mortgage?
Top